Don’t expect the collapse of Time Warner’s $67 billion sale to Comcast to discourage deal-making in the cable services space. Opposition from regulators caused the two cable giants to abandon their combination Friday morning. Now that Comcast is out of the way, expect Charter to renew its pursuit of the second largest cable operator, according to The Deal’s Chris Nolter. And an acquisition by Charter would have a better chance of gaining regulatory approval, said The Deal’s Bill McConnell. But McConnell added the caveat that approval is not as easy to predict now because regulators appear to have made it more difficult to gain their nod. Meanwhile, Time Warner has options outside of being acquired by Comcast. It could pursue an acquisition of its own or even lever up with debt to buy back shares. And Time Warner is not the only consolidation candidate. Cablevision’s stock jumped more than 3% by mid-day Friday as investors believe it could potentially be a target.
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